Mistakes to avoid for beginners / Lack of Discipline.

[fximran]

Newbies should make sure they trade with demo account first, practice their strategy before going into live account. Mistakes newbies should avoid is not having patience, they should not rush in making huge profit within short time.

[sweetrevenge88]

That is so true,we are the one making our own trading plan and trading rules and we also the one who disobey and destroy it because we can. Newbies learns the hard lesson in forex when they are repeating the same mistakes over and over again. It's like the same mistakes are blocking our way to good profits.

[mark]

A trading plan is only of value if you have the patience and discipline to follow it. Follow his trading plan is difficult, it is undeniable, but it is a prerequisite to succeed in trading on the currency. While exchange rates change, you will be taken quickly in the market and you may, at any time to lose your control and make irrational decisions that do not match your original trading plan. For example, if rates move upwards, exceeding your original order take-profit, you will be tempted to hold your position any longer to benefit from rising. The opposite pattern works in the case of a rate cut. However, is that such scenarios make sense? Indeed, if you took the time before entering the market, to establish levels of loss and take-profit, how market conditions have also come to change abruptly to negate your original goals ? Are you sure you not rather act out of emotion, believing collect a uptrend or a downtrend that does not really exist?

That's why a trading plan is essential: it allows you not to get overwhelmed by your emotions, especially during periods of high volatility.

Of course, a trading plan may be amended, depending, for example, your overall objectives. However, do not change your trading plan in action.

Finally, it should be understood that the best trading plan is sometimes ineffective in times of high volatility. Sometimes it's better to temporarily withdraw from that market to flog a dead horse.

A good plan to tarde is very important for us. without a plan we will not be able to do good trading. Moreover forex market is a very complex thing to learn and to tarde, so trading without having a plan is just like being "stranded on a sea". our skills or our balance will not improve at all

[gulab]

i hav noticed that when a newbie see that the market make a spike then either they go with the spike or open an opposite trade and all of us know that both of them are not good for a professional trader.

[dewa]

I have always been disciplined in running my trading system. because if I was not disciplined. then I will lost their money in forex. so I understand. discipline is very important in forex trading

[Pereira]

the beginners don't have experience they have a lack of experience and that is why the expect a huge profit at the start , after losing some accounts they realize that they were wrong

[evaheima]

Newbies should make sure they trade with demo account first, practice their strategy before going into live account. Mistakes newbies should avoid is not having patience, they should not rush in making huge profit within short time.

Beginners should remember one thing that we can not do anything without maintaining good discipline.forex is trading very sensitive. He needs discipline at all times. Lack of discipline in any case accepted in Forex trading.any against indiscipline and the formula is happening here is the loss unavoidable.so, discipline must be maintained for beginners as well as merchants of good.

[forexking786]

A trading plan is only of value if you have the patience and discipline to follow it. Follow his trading plan is difficult, it is undeniable, but it is a prerequisite to succeed in trading on the currency. While exchange rates change, you will be taken quickly in the market and you may, at any time to lose your control and make irrational decisions that do not match your original trading plan. For example, if rates move upwards, exceeding your original order take-profit, you will be tempted to hold your position any longer to benefit from rising. The opposite pattern works in the case of a rate cut. However, is that such scenarios make sense? Indeed, if you took the time before entering the market, to establish levels of loss and take-profit, how market conditions have also come to change abruptly to negate your original goals ? Are you sure you not rather act out of emotion, believing collect a uptrend or a downtrend that does not really exist?

That's why a trading plan is essential: it allows you not to get overwhelmed by your emotions, especially during periods of high volatility.

Of course, a trading plan may be amended, depending, for example, your overall objectives. However, do not change your trading plan in action.

Finally, it should be understood that the best trading plan is sometimes ineffective in times of high volatility. Sometimes it's better to temporarily withdraw from that market to flog a dead horse.

g han ap theek kehte hain beginners ko in mistakes ko jitna zayada ho ske avoid karna chaie agar koi beginner in mistakes ko avoid karta hai to wo achi trade kar sakta hai

[usama12]

yes of course these information is very useful for begniers and if a man who control these thinks in his trading then he can make more and more profit in his every trade....and he can earn more money.

[michel123]

The beginner trader should learn forex first which is very important for the trader.they should learn from their mistake .First they should learn forex first which make them confidence of trading .